157 - 159 Commercial Street, Newport, NP20 1JQ
£22.35 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
20,131 sq ft
1,870 sq m
- SECTOR
High street retail property for sale
Key features
- £450,000
- Current Income £24,000 p.a.
- City Centre Investment / Development Opportunity
- Opportunity to convert upper parts to alternative use (STP).
- Adjacent occupiers include Boots, W.H. Smith, Iceland & British Heart Foundation. Close proximity to Friars Walk retail and leisure scheme.
Description
The property comprises a terrace of three buildings which are Grade II Listed. Each property provides ground floor retail accommodation with 4 storey front sections which are of traditional load bearing construction with pitched roofs. Each property has been extended at the rear. The rear elements mostly have flat roof coverings. Separate rear access to the back of the properties is via school lane.
Location
The property is located in a central position on the pedestrianised Commercial Street, close to one of the entrances to Friars Walk Shopping Centre. Occupiers in the nearby vicinity are Boots, W.H. Smith, Iceland, British Heart Foundation, Burger King amongst others. Newport Railway Station is within a 10 minute walk of the unit.
Viewings
By appointment via sole selling agents Cooke & Arkwright.
Tenure and Tenancies
Each of the 3 properties are each held on separate freehold titles.
157
The ground floor is occupied by Friars Fruit ltd. The tenant is holding over a lease (excluded from the section 24-28 of the act 1954 landlord and tenant act, which expired in September 2021. The landlord or tenant can break the lease on a 6 weeks notice. The rent payable is £12,000 p.a.
158
Formerly occupied by Poundland. There is an ongoing dilapidation negotiation following the expiry to the Poundland lease in March 2022.
159
Let to Waterstones Booksellers Ltd. (Terms awaited).
Brochures
157 - 159 Commercial Street, Newport, NP20 1JQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station0.2 miles
- Pye Corner Station2.0 miles
- Rogerstone Station3.1 miles
About Cooke & Arkwright Limited, Retail & Leisure
Windsor Place, Cardiff, CF10 3SX
Cooke & Arkwright is the largest firm of independent commercial property advisors in Wales. With a heritage going back 120 years, we have been a major force in shaping the Welsh commercial and rural property world.
The scale and scope of our business allows us to provide first rate market intelligence and a wide network of contacts, while still being small enough to be innovative and fleet of foot. The Directors who own the firm all live in Wales and ensure that our clients receive a de
Notes
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